2010 Mississippi Code
TITLE 79 - CORPORATIONS, ASSOCIATIONS, AND PARTNERSHIPS
Chapter 29 - Mississippi Limited Liability Company Act.
79-29-910 - Membership interest transfer restrictions.
§ 79-29-910. Membership interest transfer restrictions.
(1) A member of a professional limited liability company may transfer his membership interests only to qualified persons. A member of a professional limited liability company may pledge his membership interest to a qualified person or to a disqualified person.
(2) A transfer of a membership interest made in violation of subsection (1), except one made by operation of law or court judgment, is void.
Sources: Laws, 1994, ch. 402, § 64; Laws, 1995, ch. 494, § 45, eff from and after July 1, 1995.
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